South Hill, Red Deer - July 2026 Real Estate Report

South Hill, Red Deer: Your Neighbour Just Got a Surprise on Their Home Value

If you own property in South Hill and you haven't checked your HonestDoor Price lately, you're probably working off a number that's already out of date. Here's the real picture right now.

The Vibe: What's Happening With Houses and Condos in South Hill

We've got two pretty different stories playing out on the same streets, so let's break them down.

Houses - Fast-Moving, Strong Growth, Worth More Than You Think

The headline stat for houses in South Hill is the growth rank. We're sitting at 3rd out of 80 neighbourhoods in Red Deer for property value growth. That's not a typo - top 4% in the city. The HonestDoor Price for houses is averaging $1,169,521, up 1.88% from the previous period, and the predicted market value is sitting at $1,151,691 - which is climbing above the 3-month moving average of $1,088,573. Values have moved 10.94% recently. That's real money.

On the sales side, things got quiet last month - only 1 house sold, down 50% from the month before, and the average sale price came in at $269,000. That single-sale month can swing numbers wildly, so don't read too much into the 42.1% month-over-month drop. What matters more is that when houses do sell here, they're gone in 12 days on average. That's a days-on-market rank of 6th out of 34 neighbourhoods. Buyers are not sleeping on South Hill houses.

• Average HonestDoor Price (Houses): $1,169,521
• Recent value change: 10.94%
• Growth rank: 3rd out of 80 neighbourhoods in Red Deer
• Days on market: 12 days average (ranked 6th out of 34)
• Average sale price: $269,000 at 100% of list price
• Price per square foot: $248
• Rental estimate: $3,582 per month
• Rental yield: 5.38%
• Airbnb estimate: $178 per night (ranked 21st in Red Deer)

Condos - Steady Sales, Above-Average Prices, Solid Position

The condo market in South Hill is a different animal. We're seeing more activity - 3 sales last month, 20 transactions so far in 2026, and a total transaction rank of 2nd in all of Red Deer. That means South Hill condos are among the most actively traded in the city. The HonestDoor Price for condos is averaging $4,637,875, up 4.40%, and the predicted market value is $4,489,283 - also trending above its 3-month moving average of $4,342,375.

Condos are sitting on the market about 16 days on average, which is moderately fast. Buyers are paying 98.44% of list price, so there's a small bit of negotiating room, but sellers aren't giving much away. The price rank of 14th out of 39 puts South Hill condos solidly above average for the city.

• Average HonestDoor Price (Condos): $4,637,875
• Recent value change: 6.35%
• Growth rank: 26th out of 73 neighbourhoods in Red Deer
• Days on market: 16 days average (ranked 10th out of 25)
• Average sale price: $283,833 at 98.44% of list price
• Price per square foot: $259
• Rental estimate: $9,746 per month
• Rental yield: 2.04%
• Airbnb estimate: $484 per night (ranked 13th in Red Deer)

The Secret Sauce: Why Your HonestDoor Price Matters More Right Now Than Your Tax Assessment

Here's the thing about your city assessment - it's a snapshot from months ago, sometimes longer. It doesn't know that South Hill houses just ranked 3rd in Red Deer for growth. It doesn't know values have shifted 10.94% recently. It's working off old data while the market keeps moving.

The HonestDoor Price is updated in real time. It's pulling in actual transaction data, current market trends, and neighbourhood-level signals - not a government formula that gets refreshed once a year. If you're a South Hill homeowner and your tax assessment is the only number you're looking at, you could be underestimating what your property is actually worth right now by a significant margin. That gap matters whether you're selling, refinancing, or just trying to understand your net worth.

Check your HonestDoor Price. It's the number that reflects what a buyer would actually pay today - not what the city thought your home was worth last January.

The "So What?" - Thinking About Selling This Summer?

If you own a house in South Hill and you're thinking about listing this summer, the data is working in your favour. Top-3 growth in the city, fast days-on-market, and a predicted value that's trending upward. The low volume of sales last month isn't a red flag - it's actually a reminder that inventory is tight, which keeps pressure on prices. Buyers who want in here are moving quickly when something hits the market.

For condo owners, the picture is still solid. You're priced above average for Red Deer, the market is active, and values are climbing. The 2.04% rental yield is moderate, so if you're holding as an investment, the appreciation story is stronger than the cash flow story right now. If selling has been on your mind, a market where buyers are paying close to full list price and properties move in about two weeks is a decent window to act.

Either way - house or condo - the first step is knowing your real number. Pull your HonestDoor Price, compare it to what you paid, and see where you actually stand. That's the conversation worth having before you call an agent or wait another season.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.